scholarly journals MANAGING TARGET COSTS AT THE DEVELOPMENT STAGE OF A PRODUCT

2020 ◽  
Vol 23 (2) ◽  
pp. 7-15
Author(s):  
Vladimir Todić ◽  
◽  
Rado Maksimović ◽  
Ilija Ćosić ◽  
◽  
...  
Keyword(s):  
Fuzzy Inference ◽  
Cost Management ◽  
Development Stage ◽  
Design Solution ◽  
Double Row ◽  
Market Positioning ◽  
Inference System ◽  
Target Cost ◽  
Development Costs ◽  
Target Cost Management

At the development stage of a product, target cost management has a significant effect on achievement and maintenance of product competitiveness in a given market and the desired target profit as the primary aim of production. Target cost management, i.e., target profit management, is performed by evaluating individual variations of a conceptual and preliminary design solution for a new product and by choosing the solution with the lowest development costs. The paper presents the use of Adaptive Neural Fuzzy Inference System model for managing development costs on the example of double-row angular contact ball bearings as an example of applying the above approach to market positioning in relation to competitors.

A longitudinal case study of target cost management implementation at a shipbuilding company

2013 ◽  
Vol 9 (4) ◽  
pp. 448-470 ◽  
Author(s):  
Kenji Yasukata ◽  
Eisuke Yoshida ◽  
Ichiro Yamada ◽  
Keisuke Oura
Keyword(s):  
Cost Management ◽  
Longitudinal Case Study ◽  
Target Cost ◽  
Target Cost Management

Target cost management in Japanese companies: current state of the art

1994 ◽  
Vol 5 (1) ◽  
pp. 67-81 ◽  
Author(s):  
Takeyuki Tani ◽  
Hiroshi Okano ◽  
Nobumasa Shimizu ◽  
Yoshihide Iwabuchi ◽  
Junji Fukuda ◽  
...  
Keyword(s):  
State Of The Art ◽  
Cost Management ◽  
Current State ◽  
Target Cost ◽  
Target Cost Management ◽  
Japanese Companies

Managerial Systems, Methods, and Techniques Used in Scheduling Industrial Production

2012 ◽  
pp. 345-369 ◽  
Author(s):  
I. C. Dima ◽  
Mariana Man
Keyword(s):  
Expert System ◽  
Industrial Production ◽  
Management System ◽  
Production Management ◽  
Cost Management ◽  
Rule Base ◽  
Marginal Costs ◽  
Target Cost ◽  
Cost Management System ◽  
Target Cost Management

The management of the industrial production implies the use of some management systems and methods that take into account the nature of production, production type, production volume, the way of organising its performance, etc. Normally, the following can be used: cost objective management system; managerial cost management system; target cost management system; expert systems used in industrial production management. Within these systems and methods of management, the main issue is to compare the estimated costs with the target costs. The process of implementing the management system based on the costs is complex and implies: establishing the objectives, breaking down the objectives set by responsibilities, regularly analysing the results obtained, changing the objectives regarding the level of costs should it be needed, etc. The costs corresponding to the last batch, margins of production added or subtracted from the previous volume of costs are the marginal costs that differ from the average costs which concern the entire production of the industrial company. The size of the marginal cost may be established as a total differential cost or as a unitary differential cost, both being in mutual inter-conditioning relation. The expert system in the operational management of production can be used with good results, which is based on comparing some specific facts to those in the databases. Any expert system takes into account the existence of several modules, such as the knowledge base, rule base, knowledge purchase module, inference engine, inference mechanism, etc.

scholarly journals Implementation Of Automated Systems For Target Cost Management And Assessing Performance: A Case Study In A Global Automobile Component Company

2016 ◽  
Vol 32 (3) ◽  
pp. 829-856 ◽  
Author(s):  
Sung Jin Park ◽  
Woo Jin Park ◽  
Sohee Woo
Keyword(s):  
Cost Management ◽  
Automatic Process ◽  
Automated Systems ◽  
Strategic Decisions ◽  
Performance Achievement ◽  
Assessment Of Performance ◽  
Target Cost ◽  
Global Companies ◽  
Target Cost Management

We examine the implementation of automated systems for target cost management and assessing firm performance in global automobile component company. After financial crisis, companies need to make strategic decisions as fast as possible. However, global companies are difficult to make fast decisions because of taking time for sorting the internal data through oversea companies. Also there are difficult to build systems of cost management and assessment of performance achievement. In this study, as we explain elaborately about the automatic process of cost management and assessment of performance achievement systems in global automobile component companies, we provide practical implications of this benchmark case for other companies’ automated target cost management systems and assessing performance system’s innovations.

scholarly journals TARGET COST SYSTEM IN STEVEDORING: IMPLEMENTATION PROBLEMS

2018 ◽  
pp. 94-106
Author(s):  
Elmira Kamilbekovna Salakhova
Keyword(s):  
Consumer Preferences ◽  
Cost Management ◽  
Operating Time ◽  
Market Price ◽  
Target Costing ◽  
Management Tools ◽  
Target Cost ◽  
The World ◽  
Target Cost Management

N the world practice there has been accumulated the significant positive experience on application of the target cost management system (target-costing) focused on developing the product cost, taking into account the industry average of the profit and market price. Russian companies also need to take advantages of the technology of managing the production cost of demanded goods and services at affordable prices. Target costs make a part of the organization's costs of product manufacturing, which must be adjusted without compromising quality, according to the price requirements and consumer preferences. The use of a targeted approach is possible not only for the cost management of the new, developed product, but also for traditionally produced, existing “old” product, for the purpose of its price actualization to the consumer needs. Russia's integration into the world system of distribution of goods and other material resources puts certain requirements to the state of the sea port economy and the port organizational and technical level, to the quality of stevedoring and other services. According to experts, commercial and transport vessels spend almost half of their operating time in Russian seaports, the efficiency of which depends on the volume and flexibility of cargo transportation. Tariffs and quality of services rendered are of great importance for carriers - consumers of stevedoring services. Application of the target costs system in the RF port economy is a very popular innovative management technology. The data on the Astrakhan sea port operation during 2014-2017 have been analyzed, which revealed the need to use target-costing in stevedore services management. Methodological and organizational approaches to the identification, assessment and optimization of target costs for stevedoring services are aimed at improving the efficiency of the seaport and at expanding the practice of using modern accounting management tools.

Sign in / Sign up

Export Citation Format

Share Document